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Will Bitcoin replace PayPal?
(CNN) – When Bitcoin's architect first unleashed the idea of creating a decentralized virtual currency on the internet, the tech-savvy elite sat up and listened. That was in 2008. Just a year later, operating under the pseudonym Satoshi Nakamoto, the …
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US State Regulators: Bitcoin Businesses Aren't Applying for Licenses
State financial regulators in the US have received several inquiries about licensing bitcoin businesses, but few applications, it has been claimed. According to a report in Bloomberg BusinessWeek, the commissioner of banks in Massachusetts, David …
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The Economics of CryptoCurrencies – Worth it or Not?
As we reported yesterday, Cryptocurrencies like LiteCoin are causing certain GPU vendors like AMD to have shortages of supply due to cryptocurrency mining. When we look at the fundamentals of cryptocurrencies, the primary question that keeps getting …
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Bitcoin Fraud: Hackers Steal £650000 of Crypto-Currency from Australian Man
november-09-02 As online crypto-currency Bitcoin becomes more popular, downsides to the largely anonymous financial unit are appearing. An Australian man who owned over 4,100 Bitcoins (with a value of approximately £650,000) was relieved of his …
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Bitcoin vs. Gold: Cryptocurrency, Metal Near Each Other on Price Path
Bitcoin vs. Gold: Cryptocurrency, Metal Near Each Other on Price Path One has been a precious metal for centuries, at times a widely-accepted standard for monetary systems, and a modern-day safe haven in economically volatile times. The other was borne …
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Crypto Currency: Virtual currencies and our ordinary world of paper money
People like him — early adopters of the bitcoin — had no idea the world beyond their computers would become so fascinated with the cryptocurrency. “This used to be worth nothing. Literally. It had no value,” says Eric Spano, the volunteer accountant …
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First Tesla bought with Bitcoin. The future is here.
If you're not familiar with Bitcoin, you might want to change that. The electronic cryptocurrency is rapidly gaining acceptance around the globe, with many businesses–and even one university–accepting Bitcoins as readily as dollars. Now, a Tesla …
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